Healthcare Payment Specialists Announces Growth for the Stingray(TM) Revenue Intelligence Platform
Fort Worth, TX, Feb 15, 2013 (PRWeb.com via COMTEX) --
Healthcare Payment Specialists, LLC (HPS), the cost reporting and claims based reimbursement solutions and compliance expert, reports record growth from its Stingray(TM) Revenue Intelligence Platform. Stingray(TM) Revenue Intelligence Platform is the healthcare industry's first fully automated platform designed to identify incremental revenue opportunities when filing Medicare Bad Debt and Disproportionate Share reporting and when complying with Shadow Billing and Post-Acute Care Transfer DRG reporting requirements.
Todd Doze, President of HPS, notes the value of the trademarked Stingray(TM) technology is that "Stingray(TM) combines HPS's deep domain expertise in Medicare, Medicaid and other claims based programs with web-enabled computing technology and offers our hospital partners true Revenue Intelligence. Through the SaaS user interface, Stingray(TM) provides our clients the ability to take control of their own Medicare cost reporting and claims management internally and increase ROI opportunities by leveraging our analytics expertise to identify and obtain previously unreported reimbursement."
Coupling its revolutionary Stingray(TM) software technology and proven knowledge of government reimbursement revenue, HPS has created a new industry standard by recovering over $600mm in reimbursement on behalf of 500 active hospital clients by delivering 3,500+ reporting projects in every MAC region of the country. HPS anticipates their clients will continue to embrace Stingray's(TM) capabilities and integrate its powerful Revenue Intelligence Platform into their own healthcare finance and revenue cycle processes.
"With Stingray(TM), our hospital partners can conduct Bad Debt calculations and final patient logs in a fraction of the time it takes for a manual review, saving time and accelerating cash reimbursements" noted Phil C. Solomon, Senior Vice President of Sales & Marketing for HPS. "Further, unlike manual processes, the Stingray(TM) Production Dashboard offers clients the ability to conduct their Medicare Bad Debt, DSH, TDRG and Shadow Billing reviews off of one data set."
By integrating the powerful Stingray(TM) software, analytics, and technical research, HPS improves the operational and financial integrity of its hospital clients by producing timely, accurate reimbursement results and increasing ROI opportunities.
HPS specializes in government reimbursement and payment issues for hospital systems. The company's solutions target the complex claim-based and cost reporting issues of Medicare DSH and Bad Debt log prep, Transfer DRG, Medicaid and Medicare Eligibility, Medicare Advantage Shadow Billing (IME/GME, HITECH), Denial Management and Readmissions. HPS offers Stingray(TM), the healthcare industry's only fully functional Revenue Intelligence Platform that analyzes all four revenue-reporting segments and returns approved reporting and analysis which complies with all MAC and Medicare reporting requirements. With HPS's technology and services, hospitals are able to increase reimbursements and reduce processing time and costs to a fraction of industry standards. Headquartered in Fort Worth, Texas, HPS is an active participant of HFMA and has met the strict criteria to become an HFMA Peer Reviewed Company for Medicare Reimbursable Bad Debt review services. For more information, visit http://www.healthcarepayment.com
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